EURUSD Elliot Waves Analysis For 16 May 2016 | 16 5月 2016

16 5月 2016, EUR/USD

EURUSD Elliot Waves Analysis For 16 May 2016

Wave Analysis:

EUR/USD is currently trading with a bullish bias. During the previous trading week on Friday the 13th of 2016, Euro traded short as previously forecasted but ended up bouncing from the key support level 1.1283. During this intraday, to confirm the continuation of the downward trend, we will wait for a clear breakout below 1.1283. The anticipated short position should have an ultimate target at 1.12177. However, a clear break above 1.1324 will invalidate the anticipated downward rally and will call for long positions with targets at 1.1368, 1.1396 and the last target at 1.1438. This pair should be traded alongside GBP/USD, AUD/USD, and NZD/USD . These pairs have a strong positive correlation and will have a similar price action during this week.

Trade Recommendations:
Sell positions are only ideal below 1.1283 or upon a clear rebound from 1.1324. The sell order should have an ideal target at 1.1283. A clear breakout above 1.1324 will call for long positions with targets at 1.1368, 1.1396 and the last target at 1.1438
Bob Stan
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus